Modelling / Forecasting Senior Analyst (Quants)

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Department Description: TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk, pricing,  hedging, and capital evaluation for portfolio of financial products. This also includes validation of decision-making models.

The successful candidate will be a member of the TBSM MV group covering both quantitative and qualitative models designed for TBSM Liquidity Risk Management (LRM) in Canada and U.S. jurisdictions. The position reports to Senior Manager, Advanced Analytics – Liquidity Risk Management Model Validation. Detailed accountabilities include: Conduct independent validation of  a variety of Treasury models including, Liquidity Risk Management (LRM) models, IRRBB aggregation models, and Customer Behavior forecast Models for ALM (FTP pricing, IRRBB) and Stress Testing (i.e., DFAST / EWST / MST). Develop and execute a comprehensive validation testing plan to validate different models, according to the enterprise model validation procedures. Review 1st line assessment of the measurement choices / definition and liquidity assumptions or business assumptions / decisions adopted by model and Business Requirement Document (BRD) for model implementation to assess the consistency between BRD and approved approach. Assess soundness of statistical / mathematic algorithm and choices of modelling approaches through literature review and evaluate the reasonability of the assumptions to be consistent the nature of the business to ensure the model methodology aligning with industry best practice. Assess the data quality and input control / governance process to ensure the acceptance of the model inputs. Conduct validation testing by incorporating comprehensive test cases to assess model implementation accuracy from data enrichment process to the final model outputs and model performance Assess the adequacy of model governance and control Develop a comprehensive issue log for questions / limitations identified during the validation process  and effectively communicate with various stakeholders from 1st line with issue severity for appropriate resolution during the validation process. Draft high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis. Maintain / develop professional knowledge of techniques and developments in the quantitative analysis in LRM and liquidity risk management and share knowledge with business partners and senior management. Support developing standards and procedures for vetting and validation that are compliant with Bank's internal model risk policy, adhere to industry best practices, and meet regulatory requirements. Support senior management to prepare responses to requests from both Canadian and U.S. regulators, internal and external audit in their review / audit of risk models and vetting / validation process and procedures. Work effectively with internal model development group, audit, and other internal